May 2, 2025 7:26 am
Full News

Klaus Schwab to Step Down: Global Power Shift as WEF Influence Diminishes, Ripples in Bangladesh

Dhaka, April 7:
After more than five decades at the helm, Klaus Schwab, the founder and Executive Chairman of the World Economic Forum (WEF), is preparing to step down. As reported by Reuters on April 3, Schwab has begun the process of resigning from his role as Chairman of the Board of Trustees, a move confirmed by a WEF spokesperson in Geneva.

The WEF, known for its annual Davos summits and its significant influence over global economic and political discourse, is now facing a period of uncertainty. Critics argue that the organization’s vision has become increasingly controversial, particularly amid growing public distrust of global elites, allegations of corporate overreach, and the rise of multipolar geopolitics.

According to The Financial Times, Schwab addressed a letter to board members highlighting the need for the Forum to “restore its institutional resilience” in today’s unstable global environment. This internal shift comes amid increasing scrutiny of the WEF’s role in shaping policy and influencing governance in both developed and developing nations.

Analysts suggest that this leadership transition could signal a broader decline in the WEF’s global clout. In countries like Bangladesh, where international NGOs and media organizations—many with indirect ties to global institutions like the WEF—have long been suspected of swaying public opinion and political transitions, the impact may be particularly noticeable.

Fueling further debate, USAID recently announced a $68 million aid package for Bangladesh. While officially framed as development assistance, many critics view the timing and scale as a strategic maneuver ahead of the 2024 general elections, potentially aimed at influencing political outcomes and promoting depoliticization.

Experts caution that the weakening of historically powerful institutions like the WEF could reshape global narratives, disrupting the balance of influence in emerging democracies. For Bangladesh, this may open both opportunities and challenges in asserting national policy without external ideological pressure.

Klaus Schwab to Step Down: Global Power Shift as WEF Influence Diminishes, Ripples in Bangladesh

Dhaka, April 7:
After more than five decades at the helm, Klaus Schwab, the founder and Executive Chairman of the World Economic Forum (WEF), is preparing to step down. As reported by Reuters on April 3, Schwab has begun the process of resigning from his role as Chairman of the Board of Trustees, a move confirmed by a WEF spokesperson in Geneva.

The WEF, known for its annual Davos summits and its significant influence over global economic and political discourse, is now facing a period of uncertainty. Critics argue that the organization’s vision has become increasingly controversial, particularly amid growing public distrust of global elites, allegations of corporate overreach, and the rise of multipolar geopolitics.

According to The Financial Times, Schwab addressed a letter to board members highlighting the need for the Forum to “restore its institutional resilience” in today’s unstable global environment. This internal shift comes amid increasing scrutiny of the WEF’s role in shaping policy and influencing governance in both developed and developing nations.

Analysts suggest that this leadership transition could signal a broader decline in the WEF’s global clout. In countries like Bangladesh, where international NGOs and media organizations—many with indirect ties to global institutions like the WEF—have long been suspected of swaying public opinion and political transitions, the impact may be particularly noticeable.

Fueling further debate, USAID recently announced a $68 million aid package for Bangladesh. While officially framed as development assistance, many critics view the timing and scale as a strategic maneuver ahead of the 2024 general elections, potentially aimed at influencing political outcomes and promoting depoliticization.

Experts caution that the weakening of historically powerful institutions like the WEF could reshape global narratives, disrupting the balance of influence in emerging democracies. For Bangladesh, this may open both opportunities and challenges in asserting national policy without external ideological pressure.

Related News
Dalai Lama Predicts Reincarnation Outside China
Trump Halts Supply of Medicines for Three Deadly Diseases
The Ballon D’or Winning Football Legend Died.
State Department Press Briefing Highlights U.S. Stance on Bangladesh’s Human Rights and Judicial Integrity
Suspect in New Orleans Attack Used Camera-Equipped Glasses for Reconnaissance
Cristiano Ronaldo Will Play for Al Nassr Despite Crossing 41, Claims Media
Related Posts
Israel Conducts Airstrike Near Syrian Presidential Palace Amid Rising Tensions
Kashmir Attack: US Urges India to Avoid Broader Conflict
Pakistan Expands Military Presence Along Indian Border, Inducts Chinese Howitzers
India-Pakistan Trade Surpasses Official Records, Estimated at $10 Billion Annually
Exchange of Fire Continues for Eighth Consecutive Night Along India-Pakistan Border
US Expresses Support for India’s Right to Self-Defense
More News

Bay of Bengal Trade Route Hit as India Revokes Transshipment Facility for Bangladesh

NEW DELHI/DHAKA — India has revoked a crucial transshipment facility that allowed Bangladesh to export goods to third countries using Indian territory, including land customs stations, ports, and airports. The decision, which came through a notification issued by the Indian central government on Tuesday, effectively ends a long-standing arrangement between the two neighbors. The move […]

Final Ultimatum from Pakistan to Undocumented Afghan Refugees

Pakistan has issued a final ultimatum to Afghan refugees residing in the country without proper documentation, asking them to leave by April 30. The ultimatum was announced by Pakistan’s Interior Minister Talal Chaudhry. At a press conference held in the capital city Islamabad on Friday, the Interior Minister stated, “Pakistan has shown unparalleled hospitality for […]

South Korea’s President Declares Martial Law, Quickly Revoked After Parliamentary Pushback

South Korean President Yoon Suk Yeol shocked the nation and the international community on December 3 by declaring martial law. However, the move was short-lived, as Parliament swiftly demanded its termination, forcing President Yoon to comply just hours after his initial announcement. This rare invocation of martial law marked the first such declaration in South […]

Emilia Pérez Leads 2025 Oscars with Record-Breaking 13 Nominations

The 2025 Academy Award nominations have been announced, and Emilia Pérez is leading the charge with a groundbreaking 13 nominations, setting a new record for a non-English-language film. The nominees were revealed live by Rachel Sennott and Bowen Yang on Thursday morning. The 97th Academy Awards, hosted by Conan O’Brien, will air live on Sunday, […]

PM Modi Meets Bangladesh’s Chief Advisor at BIMSTEC Summit

Bangkok, April 4, 2025 – Indian Prime Minister Narendra Modi met with Professor Muhammad Yunus, Chief Advisor of Bangladesh’s interim government, on the sidelines of the BIMSTEC Summit in Bangkok. The discussions focused on strengthening bilateral ties and addressing key regional issues. During the meeting, Prime Minister Modi reiterated India’s support for a democratic, stable, […]

Putin Apologizes Over Plane Crash Without Acknowledging Russian Responsibility

Russian President Vladimir Putin has issued an apology to Azerbaijani President Ilham Aliyev following the downing of a commercial airliner in Russian airspace on Christmas Day, which claimed 38 lives. However, Putin stopped short of admitting Russia’s culpability in the incident. In his first public remarks about the tragedy, Putin described the crash as a […]

Arakan Army’s Incursion into Bangladesh Sparks Sovereignty Concerns Amid Rohingya Repatriation Talks

April 21, 2025 – Dhaka Tensions have escalated along the Bangladesh-Myanmar border following a controversial incursion by Myanmar’s Arakan Army (AA) into Bangladesh’s Bandarban district. On April 16–17, uniformed and armed AA members organized a two-day “Arakan Water Festival” in the Remakri Mukh area of Thanchi upazila, approximately 10 kilometers inside Bangladeshi territory. The event […]

Charlize Theron Joins Christopher Nolan’s New Movie

Charlize Theron is going to be in Christopher Nolan’s new movie. Theron, who has starred in movies like Mad Max and Fast & Furious, is the latest star to join Nolan’s next film. This movie is the follow-up to Oppenheimer, according to Deadline. Theron joins a group of big stars already announced for the movie. […]

Modi’s NDA is Once Again at the Peak of Popularity in India

The Narendra Modi-led NDA coalition has reached the peak of popularity in India in just 10 months. On the other hand, the Rahul Gandhi-led India camp has suffered a major decline in popularity 10 months ago. This was revealed in a recent survey by ‘Mood of the Nation’ (MOTN), a joint initiative of India Today […]

Assam Police Claims Arrest of Bangladeshi Militant

The Special Task Force (STF) of the Assam Police has claimed to have arrested a Bangladeshi militant named Nasimuddin Sheikh from Kokrajhar in the Indian state of Assam. According to Assam Police, Nasimuddin is an active member of the banned militant organization Ansarullah Bangla Team (ABT). Additionally, he is also linked to Jamaat-ul-Mujahideen. Acting on […]